Brıcs, Southern African Development Community

South Africa celebrates 10 years of inclusion in BRICS

South Africa celebrates 10 years of inclusion in BRICS

2021-10-19 12:41:00 AM

South Africa celebrates 10 years of inclusion in BRICS

2021 marks 10 years of South Africa’s inclusion in BRICS .

Share2021 marks 10 years of South Africa’s inclusion in BRICS, this milestone is important in what is a historic position and aim for the ANC and all progressives who have long defined the relevance, strategic outlook and value of deepening South - South relations.

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We have over the past decade seen greater policy certainty around our posture as it relates to the long held view of a necessary leaning toward the South and the consolidation of developing nations around the world. In determining its earliest foreign policy immediately following the abolition of apartheid, the African National Congress (ANC) openly adopted a posture and line that favoured links with the South.

South Africa’s foreign policy has long been directed both by the universal foreign policy principle and the strengthening of relations with all countries, even in light of this the natural priority was given to African countries and those countries of the South with whom the apartheid government had strained relations with.

There were many factors that precipitated the proactive approach of SA in its drive to strengthen and foster South- South relations, part amongst these factors was the need to forge strategic partnerships that would lay the foundation for much needed investment and aid for our fledgling state. This would later position South Africa as a country of the South and a leading proponent of the necessity for South-South relations. This key objective remained central in successive administrations and found maturity in the later inclusion of South Africa in BRIC.

Because we had taken a central role in the continent as a proponent for strong continental relations and deepening South-South relations, South Africa’s foreign policy had to be far more strategic in its drive to foster closer engagement with emerging economic powerhouses such as Brazil and a strengthening of the soft relations that had been maintained with India and China

With the wall street crash of the global recession of 2008, there was a renewed energy around the need to co-ordinate the global South. This new focus resulted in South Africa increasingly joining bodies and groups that bring developing countries together, with South Africa actively seeking to play a leadership role in these groupings. South Africa’s participation in other emerging country coalitions such as BASIC provided an opportunity to share and develop synergy and commonality around various globally contentious issues and also presented the opportunity for South Africa to promote and lobby for its candidacy in BRIC.

When the first BRIC summit sat in 2009 at Yekaterinburg, Russia, the South African minister of international relations (DIRCO) at the time wrote a letter to the various heads of states expressing the country’s wish to get involved in the forum, this action marked the launch of a robust diplomatic lobbying campaign. As part of the campaign various government departments worked tirelessly to ensure that we run an effective campaign.

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The Department of Trade and Industry and the Department of International Relations went all out to mobilise historic diplomatic allies, in favour of South Africa’s candidature with the four BRIC countries. Interactions with Brazil and India in the context of the IBSA forum provided an opportunity for South Africa to submit its candidature and express its motivations to these two emerging countries.

Our efforts to gain inclusion in BRICS, as a progress forum for emerging countries and platform to deepen the aspirations for a united global South matured in the December 2010 invitation of South Africa to the third BRIC summit in 2011 to be held in Sanya, China.

South Africa officially became a member of BRIC at this summit. BRICS, as it would be known from that day, would be a vital determinant of our priorities and foreign policy interests and allowed South Africa to project its identity as an emerging international player beyond being an accepted regional powerhouse in its immediate subregion.

In 2013 we hosted our first summit which not only cemented our role, not only as a continental political leader for the BRICS agenda, but also cemented our stature and status as a global driving force. South Africa had already had some esteem as the only African member country part of the G20 and having played a leading role in the formation of NEPAD and as a critical role player in shaping the posture and trajectory of the African Union.

Some of the achievements that followed the 2013 Summit hosted in our country are, amongst others, BRICS launching its first institution in 2014- the BRICS New Development Bank established to fund developmental projects in BRICS countries. A heightened discussion regarding the establishment of a credit rating agency coming from the south.

A credit rating agency would be a critical step at moving towards financial sovereignty and having the ability to attract much needed progressive investment to Africa. The prospective rating agency would contend the three pro-west dominant credit rating agencies Fitch, Moody’s and S&P global rating. This would also come with a deep discussion of the issuer-pay model that has been an obstacle for the establishment of other rating agencies in the past.

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The BRICS Development Bank as espoused at the 2013 Durban forum was to be a vital institution to spear-head and co-ordinate the much needed infrastructure development in Asia and Africa. When South Africa proposed the establishment of the Bank, which was established two years later in 2015, it was seen as a means of sourcing additional finance for sustainable infrastructure and development projects in Africa.

The second main financial institution—a contingent reserve agreement—which was to act as a precautionary reserve fund to tackle the volatility of our local currencies was also formed with an authorized capital of $100 billion.The inclusion of South Africa in BRICS permitted two key South African agencies for economic diplomacy, namely the Development Bank of Southern Africa (DBSA) and the Industrial Development Corporation (IDC), to gain direct access, together with their counterpart agencies, to BRICS markets, and makes it possible collectively to raise funds and to form bilateral financial partnerships with them

The past 10 years have been a testing period in our country, our resolve has been tested, our relations and relationships have been tested and perspectives have been tested. The beauty of BRICS has always been its noble vision to systemically claw back the ability for our country to act, with candour and without reservations that must pander to what at times are nefarious global interests. It will be the crystalisation of a country that has the real ability to act in the best interest of the people. It is and has always been about sharing a common strategic outlook that contends substantively the unipolarism we have seen stifling our ability to act fully in the best interest of our people. BRICS must remain strong, with a clear agenda. Clear vision and unrelenting conviction.

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Lad_Maezy If we're not careful Cyril may UNSUBSCRIBE us from this block 🤞 Would love to know who penned this piece of verbose nothingness. It reeks of MYANC spindoctoring. Paragraph upon paragraph of waffling about 'posture' & 'policy positions' without addressing the burning question: How has this benefited SA? What have we gained? Costs vs Returns?

Celebrating taking loans. Is RSA still part of BRICS block? Nothing to be proud of. Benefits are not even visible... We are just there for Vibes 💅 Great photo And Vladimir Putin warmed Zuma: said as long as the are those 3 or 4 rich whites in the Stellenbosch .... We must 1st kill them the Russian can start talking

What is being celebrated after a decade when I have seen or heard anything tangible of GovernmentZA involvement with other BRICSRussia2020 countries in NorthWestZA unless NWPGOV NWPG_Dedect NWPLegislature Invest_NWDC nwpg_dard ParliamentofRSA PresidencyZA say otherwise We are under Bricks but we are controlled by UK and failing to use Russian vaccine but people getting forced to use American one.

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Ok South Africa is been sold I hate Brics,it has done nothing for bt rather than scam us i will think What have we benefited so far? Forming and Aliance was never a mistake. Russia and China can showcase their weapons to each other but they will never get into war with each other. Countries maintain peace with each through such relations. AU, G20, em

👏👏👏👏 Dankie Msholozi 🙌 The incumbent government is making sure this goes nowhere slowly That was a monumental move by President Zuma Benefits?

Black Consciousness: The spark that lit a veld fire across South AfricaOPINION: Today, more than ever before, we need to claim our common humanity and a joint quest to restore pride, compassion and caring for one another to survive as a nation, which is struggling to be born, writes Professor Saths Cooper. shantelll_142 has all it takes to turn things well for you with her company platform and strategy on Bitcoin trade and other Crypto currencies..invest with her shantelll_142 and you will have a good return of your investment When it comes to handling of online investment and assisting people to make extra income Trevormorris_ is the man I recommend for you, contact him now to know how to make extra through online investing others are winning too And the country is still burning

Zuma was trying to free RSA from slavery of the G7 but New Dawn came and sided with the West and G7 and clever blacks are blaming Zuma🚮 while they are controlled by G7 and their New World Order agenda What did we benefit from the so called BRICS so far?! That was the beginning of his downfall. He had to go by hook or crook.

Useless contributors we have been And China 🇨🇳 is still spying on us like USA 🇺🇸 Anko Msholozi What is there to celebrate What did we gain from it? All thanks to the decisive leadership of president Zuma ✊✊✊ 🙄

CORONAVIRUS GLOBAL UPDATE: US to weigh mixing boosters; South Africa registers 414 new casesSouth Africa registered 414 new Covid-19 cases, bringing the cumulative total to 2,916,593. A further 25 Covid-19-related deaths were reported, taking total official deaths to 88,612. A total of 20,200,231 people have been vaccinated.

Mxm Is CyrilRamaphosa aware of this? I thought we Sent 'STOP' 28328 (BRICS) OR they on BRICS ANDIZII The only President we know what he was doing while he was in office What's the use to be on that organisation But the other guy cares about G7 Celebrate mediocrity SiyaRumbu21 What has it done for us? H.E President Jacob G Zuma 🙌🙌

Subscription now, SA no longer an active partner under current administration. 😂🤣😂🤣 i don't think Zuma knew why he was there he was just the for selfies

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Thy must be expelled Just look at that grinning thief and all his acolytes in the comments I deeply regret working with the ccp肉 Inclusion, SA started BRICS, then Ranko decided to return us all to thhe cotton field And SA is the prick of it ! White establishment don't like this one bit, the only reason they are after Zuma and Magashule

danielmarven Thats when JZ lost the plot as the white media came down very hard on him UZuma is star☀ only ping deserve a pass , only because i am musical. a international cartel of criminals out to capture the coal market for speculative trading purposes, fucking up the consumer with English silent partners.

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What's to celebrate. We should never celebrate Communism unless we want to end up like Venezuela and Zimbabwe. Can't even allow Sputnik Zuma did that. Don't ever forget it The same BRICS bank the former finance minister Nhlanhla Nene was removed to 'work' for🙄😏 Zuma was just fighting fir economy freedom for the disadvantaged masses who will suffer for decades under the horror of IMF and World Bank loans

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Yerrr, Zuma abused that platform for the Guptas. Ey when life was good in South Africa

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